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    India's LNG Imports in Jan Jump 25%

Summary

LNG imports increased for the 11th month in a row.

by: Shardul Sharma

Posted in:

Natural Gas & LNG News, Asia/Oceania, Liquified Natural Gas (LNG), Security of Supply, Corporate, Import/Export, News By Country, India

India's LNG Imports in Jan Jump 25%

India’s LNG imports increased for the 11th month in a row in January, arriving at 2.77bn m3 (about 2mn metric tons), up 25% yr/yr, according to the latest data published by the Indian oil and gas ministry's Petroleum Planning and Analysis Cell.

In the 10 months ending December 31 imports totalled 27.43bn m³, up 13% yr/yr. If the trend continues, India’s imports during the financial year ending March 31 2020 will touch a new record. This year’s imports have already surpassed the previous financial year’s imports of 27bn m³ of LNG. 

Anglo-Dutch major Shell said February 20 that India had taken a lot of the cargoes of LNG that China was declining, in the wake of reduced demand following the coronavirus outbreak.